I've always been a sucker for simplicity. Whether it's the functional beauty of a Mies van der Rohe building or a diesel-engine Mercedes-Benz with a manual-shift transmission, the "less is more" concept has always made sense to me. Unnecessary complexity often does little more than dilute a design's original functionality. This way of thinking has also been used in high-end hi-fi design, with some designers on the tweakier fringe embracing concepts like ultra-simple single-ended tube amplifiers and single-driver loudspeakers. Simple designs like these often have a straightforward clarity to their sound; each time you introduce new elements in order to make something play louder, higher, or deeper, you risk losing some of that clarity in the process.

If Magnepan has a company motto, it might be something along the lines of, "If it ain't broke, don't fix it." For more than 30 years, this Minnesota company has been busy making its Magneplanar loudspeakers for those audiophiles who care more about great sound than they do about owning the latest candidate for loudspeaker of the month. Magnepan rarely introduces a new model; when they do, it's generally just another evolutionary step in their continual refinement of the planar magnetic approach that they use in all of their products. This conservatism breeds long-term customer loyalty, and Magnepan invariably trumps other high-end manufacturers in the areas of customer satisfaction and repeat business.

Quick, which do you think would be more difficult to do: design a cutting-edge, no-compromises speaker or design a speaker that gives the best possible performance for a very affordable price? While coming up with a mind-blowing design without any cost boundaries is undoubtedly a daunting challenge, I would argue that producing a loudspeaker that can deliver killer results for a very affordable price is much harder. Making great budget speakers involves the art of compromise, knowing where you can save money without sacrificing the sonic results you're after.

There was a time when playing with audio was a lot of fun. I was a pretty tweaky guy and would regularly try out all of the latest tweaks and accessories. Then, about seven or eight years ago, I kind of burned out. I had gone to visit the home of a fellow audiophile who was so obsessed with adjusting and fiddling with things that listening to music had taken a back seat. Rather than see myself following the same path, I decided to go on kind of an antitweak rant. Sure, careful setup remains important, but enjoying music has become even more so. Consequently, when a manufacturer approaches me with some new device made from Unobtainium that's supposed to make my life better for a mere $299, I tend to get defensive. This, however, was not my reaction when I first saw the PS Audio P300 Power Plant because most of its design approach followed what I had for years thought would be a great way to deal with the crappy AC power most utilities deliver.